Hi,
I've read through this post /showthread.php?t=177438 which has given me some valuable info.
I just had a few questions as my situation is a little different than what is being dealt with here.
Background -
I ran a sole trader business until 2010, when I left Ireland and moved to Thailand. At that time I owed Ulster Bank 10,000euro. Since then they've sent a debt collection agency from the States(GAR) after me, through phone and email. This agency also threatened to take action against me in Thailand, they knew my address and workplace.
I tried to deal with them several times but they'd cease contact for a year or more each time and then come back with more threats, etc....
Recently I got MABs involved and I'm trying to work out a payment plan. But this has kind of hit the skids now as the monthly interest on the loan would be three times higher than any payment I could afford to make.
My last payment was December 2009 and I now owe them 15K.
Has the 6-year clock been reset on my debt due to contacting them through MABs?
If I choose not to pay now what are the consequences? Can they sell the debt to an agency here or in the States and I get pursued that way?
I plan on returning to Ireland in about four years or at least freely travel there regularly, if they get a court judgement against me how will that affect my status there and elsewhere?
I'd appreciate any advice. I just want to get on with my life and not have the hassle of this any longer but I'm at a stage now where I have to make a decision to start paying or to ignore it and take whatever comes with that.
Thanks for your time
I've read through this post /showthread.php?t=177438 which has given me some valuable info.
I just had a few questions as my situation is a little different than what is being dealt with here.
Background -
I ran a sole trader business until 2010, when I left Ireland and moved to Thailand. At that time I owed Ulster Bank 10,000euro. Since then they've sent a debt collection agency from the States(GAR) after me, through phone and email. This agency also threatened to take action against me in Thailand, they knew my address and workplace.
I tried to deal with them several times but they'd cease contact for a year or more each time and then come back with more threats, etc....
Recently I got MABs involved and I'm trying to work out a payment plan. But this has kind of hit the skids now as the monthly interest on the loan would be three times higher than any payment I could afford to make.
My last payment was December 2009 and I now owe them 15K.
Has the 6-year clock been reset on my debt due to contacting them through MABs?
If I choose not to pay now what are the consequences? Can they sell the debt to an agency here or in the States and I get pursued that way?
I plan on returning to Ireland in about four years or at least freely travel there regularly, if they get a court judgement against me how will that affect my status there and elsewhere?
I'd appreciate any advice. I just want to get on with my life and not have the hassle of this any longer but I'm at a stage now where I have to make a decision to start paying or to ignore it and take whatever comes with that.
Thanks for your time